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EY facilitates discussion on Digital Cities at the FITIS Sri Lanka Internet Day 2021 Forum

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Ernst & Young (EY) facilitated a timely discussion on Digital Cities as the knowledge partner at the “Sri Lanka Internet Day 2021”, the inaugural virtual event organized by the Digital Chapter of the Federation of Information Technology in Sri Lanka (FITIS) which was held in line with FITIS mandates on digital economy and regional hub and the 7-pillar digital strategy.

Themed Digital inclusion, the forum emphasized the need for citizen engagement in a digital society and its impact on digital inclusion and also discussed about Sri Lanka’s digital strategy, digitalization initiatives and the need to further enhance digital infrastructure to facilitate a digitally empowered ecosystem.

A major highlight of the forum was the discussion on Digital Cities held with the participation of Arjuna Herath Senior Partner and Head of Consulting at Ernst & Young Sri Lanka and Maldives and Amit Midha president, Asia Pacific and Japan and Global Digital Cities of Dell Technologies. The discussion between Herath and Midha provided deep insights on Digital Cities and laid the foundation for Sri Lankans to look forward to the concept, inspired by the digital models implemented by Singapore and other developed countries.

Herath laying the context for the discussion indicated that Cities have been centers for innovation and economic growth since the perennial times and as a result of that, more and more people migrated to cities in search of jobs and luxury lifestyles. He stated that technology has played a key role in the transformation of cities and that has led to the emergence of the Digital City concept. Midha exploring the topic said, “It is a City that thrives in the fourth industrial revolution”. Midha emphasized the fact that data and data related industries are going to be crucial within the next 30 to 40 years and that everyone needs to transform themselves to be successful in the digital sphere. He highlighted that digital jobs can thrive with new concepts such as Work from Home and Sri Lanka has the capacity to build on that. He also stressed on the importance of a Digital City in helping individuals and societies to transform themselves with access to economic growth, better living standards, better healthcare and education, mobility and new job opportunities, etc.

The discussion emphasized how new technology can be used to facilitate the everyday lives of people. The government’s role in this regard was perceived as vital because if necessary policies are implemented and infrastructure is provided, there is enough talent to build on those advantages and come up with new innovations. Midha emphasized that the private sector must join hands in the development efforts by alluding to the fact that ideas from different segments are vital in making progress.

A Digital City is expected to have streamlined services relating to transport, health, education, and all the primary services that people look forward to. The discussion went on to show a clear pathway where Sri Lanka can adapt the Digital City concept in the long run. According to the thoughts shared, safety is the top most priority for a city because if the city is not safe, people will leave that city. The next pillar is to streamline transportation within the city, from the city and into the city. The third pillar is the development of heath care and education which are considered as two of the primary needs of people living in a city. The next important aspect is the government to work as an app, conveniently assisting to fulfil the needs of people. The focus on sustainability, green energy, smart grid and solar was also highlighted as essential aspects in shifting to the concept.

The discussion also highlighted the need to focus on security when dealing with data and data related projects at a time when hacking, cyber-attacks and data thefts are abundant in the world. “In the process of digitizing cities, intrinsic security is a must have and we need to pay more attention to that going forward.” Says Midha.

Mr. Herath spoke about the opening Sri Lanka has in creating a Digital City with the new Port city in the making and the need to embedding the concepts that were discussed when creating the City including the required leadership and policies, operating models and processes and the community and the ecosystem which also need to be considered. Mr. Midha elaborating on this said “There has to be a vision that has to be built. A dream has to be put out there to get citizens buy in. In fact this is how cities take shape. There is plenty of money in the system. People will help make these cities happen. They need to be told what the dream is, how they can happen, then they buy into this, in fact any public project that makes livability better makes prices of all real estate in the city to go up. So, all the folks know that by doing things right, it is a significant economic return. They also want future generations to have better access to infrastructure and live in a better place.”

Providing a comprehensive outlook on Digital Cities, what advantages these cities have in store for the public and what needs to be done in order to shift towards the new concept, the discussion ended after sharing a wealth of knowledge while acting as an eye opener for the authorities to look forward to maximize the available technologies and embrace the Digital City concept.



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CB Governor underscores rating agencies’ critical role in post-debt restructuring recovery

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Central Bank Governor, Dr. Nandalal Weerasinghe at the Global Sovereign Debt Roundtable in Washington DC

Sri Lanka’s Central Bank Governor, Dr. Nandalal Weerasinghe, has underscored the critical role of sovereign credit rating agencies in helping debt-distressed nations smoothly transition out of default status after successful debt restructuring.

Speaking at the Global Sovereign Debt Roundtable (GSDR) in Washington DC on the sidelines of the IMF and World Bank Spring Meetings, Dr. Weerasinghe shared Sri Lanka’s ongoing debt restructuring experience.

He highlighted that while restructuring is a crucial step toward economic recovery, rating agencies must play a proactive role in reassessing countries’ creditworthiness fairly and promptly once restructuring is completed.

The GSDR, co-chaired by the IMF, World Bank, and G20 Presidency, serves as a key platform for debtor nations and creditors to address debt challenges.

Sri Lanka, a country which has undergone complex debt negotiations, has been an active participant in these discussions.

Governor Weerasinghe’s remarks come at a pivotal time, as Sri Lanka seeks to restore international investor confidence post-restructuring.

His call aligns with broader discussions at the GSDR on improving coordination between debtors, creditors, and financial institutions to ensure sustainable debt solutions, and help restore international investor confidence in countries such as Sri Lanka.

The roundtable also highlighted the newly introduced Sovereign Debt Restructuring Playbook, designed to guide countries through restructuring processes.

The Central Bank’s push for more responsive and supportive rating agency policies could set an important precedent for other debt-distressed economies as well.

Speaking at the GSDR, Treasury Secretary K M M Siriwardana acknowledged the International Monetary Fund (IMF) as instrumental in stabilising Sri Lanka’s crisis-hit economy, as the country prepares to receive its fifth IMF tranche of $344 million in the coming weeks.

Siriwardana reflected on Sri Lanka’s ‘extremely challenging journey’ since its 2022 economic collapse marked by severe shortages, public unrest, and a loss of confidence in governance.

“Seeking IMF support was a strength, not a weakness,” he asserted, crediting the Fund’s policy framework and technical assistance for reversing the economic freefall.

He highlighted over 200 IMF training programmes conducted to strengthen institutional capacity, stating, “The IMF laid the foundation for stability.”

Notably present at the discussion was Peter Brewer, the IMF’s former Senior Mission Chief for Sri Lanka, underscoring the close collaboration between Sri Lanka and the Fund.

Siriwardana traced the roots of the crisis to political instability between 2017–2019, the 2019 Easter attacks, and contentious tax policies, which collectively deepened Sri Lanka’s economic vulnerabilities. “Yet,” he noted, “Difficult reforms are now yielding positive results.”

By Sanath Nanayakkare

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Calcey earns ISO 27001 certification, strengthening data security commitment

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Sudheera Perera (General Manager, Cal cey) and Manjula Tilakarathne (Chief Operating Officer, Calce y), receiving the certificate of compliance for ISO 27001:2013

Calcey, a global software services provider, has achieved ISO 27001:2013 certification, the international benchmark for Information Security Management Systems (ISMS). This certification highlights Calcey’s strong measures in safeguarding client data and managing security risks.

The rigorous audit covered Calcey’s security protocols, risk management, and operational processes across its offices in Singapore, Sri Lanka, and the U.S.

Mangala Karunaratne, CEO of Calcey Technologies, stated that this milestone underscores their dedication to top-tier data security, reinforcing trust among clients in the U.S., Europe, and the Nordic regions.

The certification ensures compliance with global security standards, benefiting Calcey’s diverse clientele, from startups to large enterprises.

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Chinese Dragon Café Nuwara Eliya seasonal outlet remains open until April 30

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Chinese Dragon Café staff at the seasonal branch

Chinese Dragon Café, a leading Sri Lankan-style Chinese restaurant, has announced that its temporary outlet at Alpine Hotel in Nuwara Eliya will remain open until April 30, catering to both loyal customers and tourists during the Avurudu season.

The seasonal branch has already gained popularity among locals and visitors, offering signature dishes like seafood fried rice, fried noodles, tom yum soup, hot butter cuttlefish, and crispy spring rolls. To enhance convenience, the café provides free delivery within Nuwara Eliya for hotel guests and holidaymakers.

This marks the brand’s first seasonal expansion to Nuwara Eliya, capitalizing on the influx of tourists especially from Colombo, enjoying the cool climate and festive atmosphere.

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